Amazon in talks to buy driveless taxi fleet startup Zoox

Siraj Sarwar

Amazon (NASDAQ: AMZN) is in “advanced” talks to buy Californian driverless car startup Zoox in a deal that would boost its automation efforts, according to reports. The purchase price will value Zoox at below the $3.2bn valuation it hit following a funding round in 2018, according to the Wall Street Journal report. “We believe $1.1bn would…

Marc Benioff salesforce

Salesforce earnings preview: Cloud-based computing firm expected to gain from lockdown working

Alejandro Arrieche

Business software company Salesforce Inc. (CRM) is set to report quarterly earnings on Thursday, with analysts bullish about the company amid higher demand for cloud-based solutions. Revenues at the San Francisco-based firm, led by chief executive Marc Benioff (pictured), are expected to come in at $4.85bn during the first three months of the year, a…

How to Buy Costco Stock for Beginners

Michael Graw

Between the inexpensive gas, the free food samples, and the treasure hunt feeling of finding your favorite product, Costco inspires a loyalty that few other grocery stores command. It’s perhaps the only grocery store that doubles as the site of a family outing on weekends. Plus, the parking lot is reliably full; a good sign…

US IPO market stages comeback after virus lockdown

Mohit Oberoi

Over the last two weeks, six companies have filed for a US initial public offering (IPO) which is higher than the total number of filings in April. Fintech payments processor Shift4 Payments and online car dealer Vroom are among the companies that have filed for an IPO. Vroom is backed by Bill Gates’ Cascade investment…

Donald Trump

Trump considers complaints commission against online bias among Big Tech giants

Siraj Sarwar

UN President Donald Trump (pictured) is considering setting up a panel to review complaints of anticonservative bias on social media, a move that targets Big Tech giants like Google (NYSE: GOOG), Facebook (NASDAQ: FB), Twitter (NYSE: TWTR) and Instagram, according to reports. The plan may take the form of a White House commission, the Wall Street…

In this photo Alibaba Group Office in China

Alibaba records only 9% lower profit than Amazon but trails by 4x in revenue

Justinas Baltrusaitis

Chinese e-commerce giant Alibaba (NYSE: BABA) registered a slightly lower margin in operating profits compared to Amazon (NASDAQ: AMZN), but there exists a huge difference in total revenue between the two platforms. Data gathered by Learnbonds.com indicates that for the financial year ending March 31, 2020 Alibaba’s operating profit was 9.3% lower than Amazon while…

Airlines in Crisis: Latam files for bankruptcy, Lufthansa agrees €9bn government bailout

Siraj Sarwar

Latin America’s largest air carrier Latam Airlines (NYSE: LTM) filed for bankruptcy, as European giant Lufthansa agreed a €9bn rescue deal with the German government to save it from collapse. These moves over the last few hours highlight the turmoil the airline industry is going through as a result of the coronavirus pandemic. Chile’s Latam…

How to Buy Intel Stock for Beginners

Michael Graw

Intel doesn’t get as much coverage as more ‘exciting’ tech stocks like Apple, Google, and Facebook. But this 52-year old corporation has been at the forefront of driving technology forward with groundbreaking computer processors and chips. Intel’s tradition of innovation continues today and there are plenty of reasons to think that the future is bright…

In this photo people play with PlayStation console.

Over 1.56 billion game consoles sold globally with PS2 remaining dominant

Justinas Baltrusaitis

Sony’s PlayStation 2 remains the best selling game console of all time, two decades after its release. Data gathered by Learnbonds.com indicates that by March 2020 approximately 1.56 billion game consoles of different brands have been sold globally with PlayStation 2 accounting for 10.07%. Among the top sold units, Sony (NYSE: SNE), Atari, Microsoft (NASDAQ:…